S&P 500 2,644.69 +30.24 (+1.16%) Dow 30 24,264.30 +230.94 (+0.96%) Nasdaq 7,042.11 +100.83 (+1.45%) Today, it definitely was a crazy market. A market I haven’t expected at all after China announced tariffs retaliation on the US goods worth $50 billion dollars. By the morning bell the futures were down more than 34% at S&P Continue reading →

S&P 500 2,614.45 +32.57 (+1.26%) Dow 30 24,033.36 +389.17 (+1.65%) Nasdaq 6,941.28 +71.16 (+1.04%) After a selloff on Monday the markets eased the rout a bit today. The whole day was calm and nothing much has been happening. The last trading hour the markets spiked up and reclaimed the 200 DMA support. It is Continue reading →

S&P 500 2,581.88 -58.99 (-2.23%) Dow 30 23,644.19 -458.92 (-1.90%) Nasdaq 6,870.12 -193.33 (-2.74%) Another rout in the markets today. The markets lost 88 points during the day, so it was quite encouraging to see that it recovered by the end of the day and we only lost 59 points. That means, that so Continue reading →

S&P 500 2640.00 +35.87 (+1.38%) Dow 30 24103.11 +254.69 (+1.07%) Nasdaq 7063.44 +114.22 (+1.64%) As one trader put it today – “the markets would go higher today as traders are off coloring the eggs…” So, the markets went up today… tomorrow, we are closed for Easter and on Monday we will see what’s going Continue reading →

S&P 500 2605.00 -7.62 (-0.29%) Dow 30 23848.42 -9.29 (-0.04%) Nasdaq 6949.23 -59.58 (-0.85%) The market was dragged down by technology stocks again today. But the draw down was as violent as yesterday or last week. It doesn’t mean that this can turn tomorrow into more selling. The stock market hold 200 DMA so Continue reading →

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S&P 500 2612.62 -45.93 (-1.73%) Dow 30 23857.71 -344.89 (-1.43%) Nasdaq 7008.81 -211.74 (-2.93%) The rebound on Monday didn’t last long. Today, the markets tanked again dragged down by technology stocks. So far 200 DMA holds but the more often we knock on it the more likely we break down. Also, the markets are Continue reading →

What I expected on Friday came on Monday. A significant bounce. But will this turn into a recovery or is it a dead cat bounce for further selloff? I do not know and cannot predict. However, given the markets erratic behavior and fast reactions this may turn into a recovery. We did a few trades Continue reading →

Have you noticed that these days when markets are tumbling our cheerleader-in-chief is suddenly missing? When the markets were rising breaking all time high records, Trump was tweeting every week boasting about the markets. Today, silence. Our accounts took a hit when our market value dropped by $21,000 dollars which represents 16% overall draw-down. But Continue reading →

Yes we survived one potential catastrophe from FED but Trump makes sure we have another coming. His tariffs on China sparked enormous fear on Chinese retaliation and we sold off heavily. With tariffs, we are in fact cutting a tree branch underneath ourselves. It will not help the US. It didn’t in the past and Continue reading →